Examlex
Which of the following items would not be a reconciling item?
Service Charge
A fee collected for services provided, often added to the base cost of services in industries such as hospitality, banking, and utilities.
Credit Card
A financial tool allowing users to borrow funds for purchases, which must be repaid, often with interest.
Journal Entry
A record of financial transactions in the accounting books, indicating the accounts and amounts debited and credited.
Allowance for Doubtful Accounts
An estimation of the amount of credit sales that are expected to turn into bad debts.
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